Government confirms homebuying shake-up to ‘slash delays, cut costs & stop sales falling through’
Proposals include upfront 'sales packs', binding contracts and possible mandatory agent qualifications.
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Industry Reactions: On early binding agreements & the government’s wider homebuying ‘shake-up’
Agents and conveyancers seem split on the latest proposals; there's a broad welcome for binding deals but some scepticism on sales packs.
Government proposes the ‘biggest shakeup to the homebuying system in this country’s history’
Consultations have opened into significant & wide-ranging reforms that promise to 'rewire a chaotic system which has become a barrier to homeownership.'
Government sets out plan to ‘streamline the cumbersome home buying process so that it is fit for the 21st century’
The Housing Ministry is aiming for 'a fully digitalised home buying and selling process.'
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